PG Datasense 1Q 2021 report is out
PropertyGuru Datasense has just released its 1Q 2021 report for the Malaysian property market which uses proprietary Big Data Analytics developed by recently acquired RE Solutions Sdn Bhd. RE Solutions is the developer of a proprietary Automated Valuation Model (AVM) which it sells to valuers under the Software as a Service (SaaS) platform according to a PG Datasense tech support person I contacted. AVMs are designed to “provide automated indication of current market prices based on a comparable market analysis of the most recent property transactions and multiple regression analysis.”
Under the PG Datasense umbrella, according to the tech support person, PG will rebadge products previously under My Property Data and rollout a range of products targeting various segments like financial institutions & local councils/government, valuers, developers and property investors and first time home buyers:
1. Vantage (formerly PA) Visual analytics dashboards with interactive charts and graphs- transforming data into actionable insights to help users see and understand easily to make informed decision. The comparable Singapore PG product is “Insights” .
Target audience: Consumers and agents.
2. Vantage+ (formerly PA Pro) Flagship visual analytics platform with interactive charts, graphs and maps - transforming data into actionable insights to help business people make confident, data-led business and investment decisions. Datasets integrated into Vantage+ Map which includes updated photospheres.
Target audience: Developers, Property Agencies, Banks and local government.
3. VMS
Automated valuation systems. Two products, ProxyPrice - a AVM designed to provide an automated indication of current market prices based on a comparable market analysis of the most recent property transactions and multiple regression analysis. Target market: Banks, valuers, government agencies. Valuenet (formerly VMS) - a cloud based system for valuers to analyse transaction data as well as track, manage and complete valuation reports. Valuers and banks can use this system to connect with each other and manage transactions in a transparent and timely manner.
4. Vantage+Map (formerly PA Map) Additional geographical information to help business people understand factors that drive growth in areas and market trends including land use data, existing or future infrastructure, and more.
You can download a copy of the free 1Q 2021 PG Datasense report from its website and sign up for an upcoming webinar on 9 September with Joe Thor, the man behind PG Datasense and Knight Frank consultants, S Subramanian and Naythan Chang . The webinar’s topic is “Property Data Technology: Identifying Trends, Creating Opportunity” and is for a target audience of professionals from the banking and finance industry who want to learn how to make more informed business and financial decisions, utilising the power of insights from Big Data Analytics.
Just scan the QR code below to get access to the PG Datasense website, download the 1Q 201 Datasense report and sign up for the seminar.
Copyright PropertyGuru
DealStreetAsia.com reported in August that PropertyGuru in Singapore recently received another infusion of US$146.9m from REA Asia Holdings Co according to ACRA regulatory filings accessed by DealStreet-DATA VANTAGE. REA Asia Holdings is now the third largest shareholder in PropertyGuru.
According to DealStreetAsia, PropertyGuru announced plans back in July for a public flotation with a blank-cheque firm backed by billionaires Richard Li and Peter Thiel.
